Twitter debuts on the NYSE, opening at $45.10, reaching a high of $50.09 and closing at $44.90, almost double the $26 IPO price.
Zynga debuts on the NASDAQ Global Select Market at $10.00, and trades between $9.00 and $11.00 during the day. Foundry owns 6.1 percent of Zynga before the IPO, or 34,560,060 shares. Foundry invested less than $5 million in Zynga, but today it holds around $345 million worth of Zynga shares. This is on top of an earlier $22.58 million buyback and $25 million generated via the sale of shares in the IPO.
Netflix initiates an initial public offering, selling 5.5 million shares of its common stock at $15 per share. It is traded under the symbol “NFLX”.
Apple launches its IPO on the NASDAQ selling 4.6 million shares at $22 per share. As soon as the bell rung in the NYSE about 300 millionaires were instantly created, some 40 of which are Apple employees and investors. Steve Jobs, the largest shareholder, made $217 million dollars alone.